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Search Results 0 to 21 of about 22 (some duplicates have been removed)
reforms republicans should let mr. obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is the party coming together, coalescing around something, anything, relating to the fiscal cliff? >> well, i think they're coalescing around anything it's for speaker boehner to continue the negotiations and not give a single inch. the gop has done very well over the last few years is in the negotiations with president obama. the
of a permanent increase in the national debt limit. president obama remarkably consistent in his intent to raise taxes on the top 2% of taxpayers. half of those are small-business men and women. the entire election season, he did say a number of times since being reelected, and he's not backing off. e president and his baath insist on higher taxes for the so-called wealthy. remarkably, republicans seem surprised by secrery geithner. chief correspondent ed henry with our repor reporter: optimism faded as timothy geithner let the republicans to decle the talks are going nowhere. >> i'm disappointed. i'm disappnted in where we are and what has happened over the last couple of weeks. i'm hehere trying to seriously resolve it. and i would hope the white house would get it as well. reporter: a key driver is that the president announced that spending cuts can wait. >> it would give us more time the next year to work together on a comprehensive plan to bring down the deficit. jay carney broke new ground by declaring that the president does on spending cuts within the budget plan to be included in the f
. the president obama would like to ask for a blank check to add as much to the national debt as president obama sees fit. in the meantime, we are expecting to hear from nancy pelosi. each side is speaking out every night and every day. moments ago, speaker of the house john boehner said this. >> the white house spent three weeks trying to develop a proposal. they call for $1.6 trillion in new taxes. calling for not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount that we would cut. i mean, it is not a serious proposal. so right now we are almost nowhere. megyn: alan colmes and lars larson are with us now. let's just focus on this debt ceiling. the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the
power to raise the federal debt limit without congressional approval. in other words, an obama blank cheque. that is not all. he also wants the estate tax to be levied at 45% on inheritances a step even democratic senators are balking on this current is 35%. the obama offer contained no serious cuts, no serious reforms to entitlement programs and no serious proposals of tax reform this president had the gall to count savings more than one billion dollars from ending wars in iraq and afghanistan no one has proposed war spending over the next decade that includes cuts to domestic programs agreed to last year, fuzzy washington math. what this is obama's propose last year which received zero votes in the house or senate this is disguised as a so-called compromise offer. don't be fooled it is no such thing. the so-called offer was nothing less than a disgrace what he did yesterday with geithner. the proposal was as dishonest and misleading as date is long. the question is, how should the gop respond to this travesty? republicans should do several things. first, do what senator mcconnell d
every year under this administration. president obama has nearly doubled the debt. the spending is out of control. and it's -- we have this economy that continues to struggle -- >> the debt ceiling -- >> the debt ceiling is our opportunity to really look at these questions, but the republicans want to negotiate -- speaker boehner the day after the election, went to the podium and put tax revenue on the table. this is our moment, this is our -- tip o'neill and president reagan back in the early '80s, they came together. they negotiated to save social security as well as address the spending. and it was a $3 in spending cuts to every dollar in new revenue. and that's the type of approach we need today. >> they never used the issue of debt ceiling in those negotiations. that's relatively new. the president says, i will not play that game. he may have no choice, because the republicans have a decisive majority in the house of representatives. if they want to play that game, he's going to have to do it. >> whey believe the president is saying is, we could get to a big deal, a good big deal
. >> wall street they side with president obama when it comes to control of the debt ceiling. john boehner says it won't happen. >> i made it clear to the president every time we get to debt limit we need to cut reforms greater than increase in debt limit. only way the political process to produce more change than what it would if left alone. >> brenda buttner joins us. why would anyone want to give one machine power over this. >> the reason that wall street does it, wing thing it hates is uncertainty. if you remember when the talks went on and fell apart there was a downgrade, threat of default. wall street was up. and down. they want to know that someone can raise the debt limit without a prolonged battle. the battles in congress do affect wall street. >> some would say this means, bring it on in. add more. pile it up more. there would be no control. >> yes. boehner actually said in the last sound bite something important. the only leverage republicans have with the president they have control over raising that debt limit. especially what the president would like to do is say he can rais
for the middle class. >>heather: thank you. >>gregg: from the fiscal cliff to will i don'ting the debt ceiling speaker boehner disagreeing with president obama under the white house proposal. the president would have the power to raise the debt limit on his own, whenever he wants, as needed. speaker boehner saying congress isn't budging on that issue and here is what he had to say on fox news sunday. >> congress will never give up the power and i made it clear to the president that when we get to the debt limit we need to cut some reforms that are greater than the increase in the debt limit. it is the only way to leverage the political process to produce more change than if left alone. >>gregg: you can see more of the remarks on "fox news sunday" at the top of the hour. >> extreme weather on the west coast flood advisories in effect for storm ravaged parts of northern california as another storm bringing heavy rain and police and fire officials wanting the napa and russian rivers expected to break their banks. and now, streaming live from northern california. >>reporter: yes, the banks are abo
president obama's proposal which includes a $1.6 trillion tax increase, a $50 billion economic stimulus package and new power to increase the debt ceiling without congressional approval. the offer featured higher tax rates for households making over $250,000 a year. a one year postponement of the sequester and about $400 billion in savings over ten years for medicare and other entitlement programs. >> despite the claims that the president supports a -- >> thousand is the time fnow is republicans to move past the happy talk about revenues, ill defined, of course, and put specifics on the table. the president has made his proposal. we need a proposal from them. >> today president obama is taking his pitch on the road. he will be visiting the philadelphia suburbs employing campaign style tactics in hopes of mobilizing the public to his side. he'll be speaking at a manufacturing facility arguing that businesses it depend on middle class consumers over the holiday season. despite all this, you see the futures today indicating higher. dow up by about 35. does that surprise you guys? >> no, i
proposition if you are barack obama. >> bret: before you respond to that, a.b., there is one thing that speaker boehner talked about today, leverage wise. that is tying the debt ceiling limit to this entire deal. and the white house reacting. >> there is a lot of things i wanted in my life, but almost all of them had a price tag attached to them. if we talk about the debt limit, there will be a price tag associated with it. >> asking for political price be paid, in order for congress to do its job to ensure that the united states of america pays its bills an does not default for the first time in its history is irresponsible. >> that is the leverage. that is why if the republicans in the final hour of the fiscal cliff negotiations say fine, you can have this much re-knew from the cap and deduction and closing loopholes we will budge on the rate. 37.5%. that is not must have none. if it is not tied to debt ceiling increase that would only pass with the aggressive medicare reform they have to have a separate debt ceiling fight in member. where do they find the math for that? republic
to discuss what is driving federal spending and debt and that is in title and programs. peter: we learned president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework looks like this. taxes for revenue would rise by $1.2 trillion. families making them to $50,000 would see higher taxes which we have been expecting and entitlement programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious be
? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it raises? >> well, it depends because they have a bunch of different simpson-bowles plans. like in the bowles-simpson report, there are three different tax plans and then the thing that the republicans modeled after was something that bowles said in a hearing. >> it's interesting when you look at what these plans are laid
of medicare and put it to fund obamacare, but president obama has not put forward a plan to deal with the entitlement crisis. he put forward no plan on social security, medicare or medicaid, which he himself admits is what is driving the debt and driving the real fiscal crisis. so they have put forward no plans whatsoever, and when paul ryan and others have put forward our plans, they've pilied them for it. i'm glad president obama's meeting with simon. i'd love for him to meet with john john boehner. [laughter] megyn: simon's got a lot of good ideas. were you in that meeting with the unions and the progressive groups that the president had -- >> no. i was in a different meeting. they can't meet with all at the same time. megyn: were you in the meeting that the progressive groups emerged from feeling, quote, very happy where they felt that the white house with us not going -- was not going to offer any spending cuts? they felt those programs were all going to be protected? >> no, no, i don't think that's what was said after that meeting. i think what the democrats want is balance
. this is about the debt. it's about the fiscal deficit. it's about our economy. it's about our future. it's about our children. and president obama is playing a very risky game. because in the end, this is his presidency. and you're going to look back and have a bar chart of deficits and debt. and there's not going to be an asterisk that says it was the republicans' fault. i think we've got to stop playing poker, work together and understand we're working to save the country. >> that might be the long game. the asterisk in history books later. right? the short gain is raising taxes. that really is what everything is focused on right now. and i think, nan, it's fair to say that could be a big problem for republicans. all polls indicate that it's going to be the republicans that hold the bag if you end up not raises taxes on people who are perceived to be very wealthy who could afford it. >> well, there is the -- there are the atmospherics and then there are the economic realities. of course, if you look at a lot of the polling surrounding the election and post election exit polling show that, in f
for not 52 weeks but one week alone. the tax increases that president obama is now trying to push through will really do almost nothing to reduce our national deficit and nothing to reduce our national debt. the white house and democrats in the senate are focused only on tax hikes while they continue ignoring the real drivers of our debt, which is the out-of-control entitlement programs -- social security, medicare, and medicaid. until we find a way to do meaningful entitlement reform, no amount of tax revenue will be able to match the increase in violate spending. -- in entitlement spending. the president continues in his campaign mode going around the country to try to sell his tax hikes. the president and the democrats in congress are willing to go over the fiscal cliff in order to get those tax hikes. rather than negotiate in good faith, they're willing to try to spend their time trying to convince the american people that it's just someone else's fault. going over the fiscal cliff will mean another recession, and this one is squarely on the shoulders of president obama. it will mean
. >> shannon: who will blink first? the obama administration says the ball is in the g.o.p.'s court. republicans insist it's the president's turn to get serious about dealing with our country's debt. >> it's unfortunate that the white house spent three weeks doing basically nothing. >> this is a very carefully designed set of reforms. if republicans would like to go beyond these reforms, or they want to do it differently, they should tell us how they want to do it. >> i believe raising tax rates hurts our economy, hurts the prospects for more jobs in our country. >> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the y
to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we now? senior white house foreign affairs correspondent wendell goler on the north lawn. wendell, has either side
spending and allowing the president to raise the debt limit making it tougher for congress to stop it. one gop congressman called that "wizard of oz-crazy," but many congressional democrats spent the first obama term frustrated with the president for not standing up to republicans enough. now democratic leaders are elated. >> elections have consequences. the president campaigned, he made it very clear -- he made it very clear that he was supporting a tax cut for the middle class, that he wanted the expiration of the tax cuts for the high end. >> reporter: and at the end of the day, joe, that is still the most significant, the biggest stumbling block on the road to the fiscal cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very siza
obama's going to speak to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnearney says members want a balanced solution in debt issues, including meaningful and comprehensive tax and entitlement reforms. well, you're not going to get that. anyway -- sorry, jim. we're going to be watching facebook stock today. the company will join the nasdaq -- got to watch it. i'm trying to rise. trying. the nasdaq 100 -- >> sinking, sinking -- >> like a snake. replaces tech firm emphasis, which is moving the listing to the big board. and let's get a check on the markets which are indicated higher today up about 50 points. overseas, let's check out asia and europe. there's a -- .4%. >> had a big move. >> yeah. big move on the hang seng and green arrows everywhere. let's check out europe quickly. also fractional gains there, up about a third of a point each. >>> steny hoyer is striking a conciliatory tone saying both sides will need to bend to avoid the fiscal cliff. congressman hoyer joins us from washington with more this morning, and sir, it's great to see you.
Search Results 0 to 21 of about 22 (some duplicates have been removed)